HDR hardman resources limited

HDR's Mputa1 in Uganda will be drilling within three weeks, and...

  1. 438 Posts.
    HDR's Mputa1 in Uganda will be drilling within three weeks, and the question arises-"What would a successful discovery mean to HDR as incremental value"?? If we assume 100 million bbls recoverable, and look to either an inland refinery to take the crude or a pipeline to the coast of some 1,600 km for export, we could assume a $value of $A10 per bbl when oil is now priced at $US59 [$A80]; and HDR would have 50%. Then our value would be 50x$A10 divided by 660 shares;[say] 75 cents per HDR extra. Thankyou MR Hardman.
 
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